Kingking(002094)2018-04-26 16:00Revenue and Profit - Revenue for Q1 2018 reached ¥1,194,140,948.62, an increase of 56.48% compared to ¥763,133,797.01 in the same period last year[8] - Net profit attributable to shareholders was ¥47,816,116.79, up 91.65% from ¥24,949,445.79 year-on-year[8] - Basic earnings per share increased by 84.85% to ¥0.122 from ¥0.066 in the previous year[8] - Total revenue for Q1 2018 increased by 56.48% compared to Q1 2017, primarily due to an expanded consolidation scope and business growth[12] - Net profit attributable to shareholders for Q1 2018 rose by 91.65% compared to Q1 2017, driven by profit growth during the period[22] Assets and Liabilities - Total assets as of the end of the reporting period were ¥5,188,159,686.83, reflecting an 11.33% increase from ¥4,660,270,011.92 at the end of the previous year[8] - Long-term borrowings as of March 31, 2018, increased by 117.00% compared to December 31, 2017, due to additional borrowings during the reporting period[9] - The company reported a 173.20% increase in asset impairment losses for Q1 2018 compared to Q1 2017, primarily due to increased accounts receivable and bad debt provisions[18] Cash Flow and Expenses - The company reported a net cash flow from operating activities of -¥268,462,567.52, worsening from -¥145,111,322.89 in the same period last year[8] - Sales expenses for Q1 2018 increased by 130.08% compared to Q1 2017, mainly due to an expanded consolidation scope and business growth[14] - Financial expenses for Q1 2018 increased by 72.99% compared to Q1 2017, mainly due to increased borrowings during the reporting period[18] - Cash received from sales of goods and services in Q1 2018 increased by 65.81% compared to Q1 2017, attributed to an expanded consolidation scope and increased business[26] - Cash paid for taxes in Q1 2018 increased by 127.65% compared to Q1 2017, due to an expanded consolidation scope and increased sales[31] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 20,982[12] - The largest shareholder, Qingdao Kingwang International Transportation Co., Ltd., holds 22.16% of the shares[12] Investments - Prepaid accounts increased by 52.00% compared to the end of 2017, attributed to increased inventory procurement[16] - Other receivables rose by 60.00% due to an increase in investment intention funds[16] - Long-term equity investments surged by 194.00%, indicating increased external investments during the reporting period[16] - The company raised a total of RMB 344,174,157.60 through a private placement to acquire a 63% stake in Hangzhou Youke Cosmetics Co., Ltd.[24] Fair Value Changes - The total initial investment in other assets was 15,180,000[29] - The cumulative fair value change recognized in equity amounted to 142,145,000, funded by self-owned capital[29] Future Outlook - The company expects net profit attributable to shareholders for the first half of 2018 to decrease by 50.00% to 60.00% compared to the same period in 2017, primarily due to a one-time investment income from the previous year[27]